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Castelbajac Co. Ltd (308100) Fair Value & Analysis

Consumer Cyclical · KR · Market cap 11.2B KRW

CC Castelbajac Co. Ltd 308100 · KQ
Price388.00 KRW
Fair Value645.12 KRW
Upside+66.3%
Quality24/100
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Strengths

Trades 66% below our fair value of 645.12 KRW

Risks

!Weak Growth
!Loss-making · -94.3% net margin
!Low debt · negative free cash flow
!Trails peers (2/8)
Weak Growth
Loss-making · -94.3% net margin
Low debt · negative free cash flow
Trails peers (2/8)
Narrow moat 15/100
Evidence: Low Range 425.78 KRW – 806.40 KRW Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 9 days ago

Share price −16.6% over the past month.

Below-average quality, screening 66% undervalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large discount to fair value meets weak quality (24/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (425.78 KRW). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (425.78 KRW to 806.40 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

10,360 KRW 346.00 KRW Fair Value 645.12 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 346.00 KRW – 10,360 KRW · fair‑value band 425.78 KRW – 806.40 KRW · the 388.00 KRW price screens below the 645.12 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Castelbajac Co. Ltd (308100) currently trades at 388.00 KRW, while our model-based Fair Value estimate is 645.12 KRW, implying the stock looks roughly 66.3% undervalued today. The Quality Score stands at 24/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Castelbajac Co. Ltd generated revenue of 37.3B KRW at a net margin of -94.3%. Revenue declined 4.2% year over year. It earns a return on equity of -66.2%. Net debt stands at 14.6B KRW. Fundamentals as of Aug 13, 2026

Our scenario range runs from 425.78 KRW (bear case) to 806.40 KRW (bull case); at 388.00 KRW, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at 66%, 308100 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) 1,235 KRW 1,655 KRW 2,470 KRW 50
All 1 models by family
Asset-Based
NCAV (Graham) 1,235 KRW 1,655 KRW 2,470 KRW 50

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Key figures & financial health

Revenue (TTM) 37.3B KRW
Revenue growth (YoY) -4.2%
Net margin -94.3%
Return on equity -66.2%
Free cash flow −8.0B KRW FY2025
Operating margin 7.4%
More key figures
EPS growth (YoY) +152%
Net debt 14.6B KRW FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 24/100

Of which business quality 25 · Market factors (momentum, volatility) 15

Profitability 8
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Hyungji Global Co., Ltd., together with its subsidiaries, engages in the provision of golf apparel. The company was formerly known as Castelbajac Co., Ltd. and changed its name to Hyungji Global Co., Ltd. in March 2025. Hyungji Global Co., Ltd. was founded in 1968 and is headquartered in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Castelbajac Co. Ltd reported revenue of 37.7B KRW in FY2025 versus 74.7B KRW in FY2021, a compound −15.7%/yr. Reported net income was −34.5B KRW in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
37.7B KRW
Latest YoY
−5.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−15.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−10.9%
Avg. growth/yr (8Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−9.6%
Revenue −15.7%/yr
FY21 74.7B KRW
FY22 61.8B KRW
FY23 48.4B KRW
FY24 39.8B KRW
FY25 37.7B KRW
Net income
FY21 −6.7B KRW
FY22 −9.3B KRW
FY23 −4.5B KRW
FY24 −16.3B KRW
FY25 −34.5B KRW

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Cite: Fair Value Calculator (2026). "Castelbajac Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/308100

Peer Group

Apparel Retail · 109 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 25 · Bottom 25%
Fair Value upside +66% · Top 25%
Return on assets -5% · Bottom 25%
Net margin (TTM) -94% · Bottom 25%
Operating margin (TTM) 7% · Above median
Revenue growth -4% · Bottom 25%
Debt / equity 0.14× · Higher than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 35
FUTURE0 · sector 19
PAST0 · sector 33
HEALTH93 · sector 100
DIVIDEND0 · sector 54

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Apparel Retail stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Industria de Diseño Textil, S.A 1ITX €57.14 €23.29 -59%
The TJX Companies, Inc TJX $152.61 $84.95 -44%
Fast Retailing Co 6288 HK$37.20 HK$15.24 -59%
Ross Stores, Inc ROST $248.25 $118.41 -52%
Burlington Stores, Inc BURL $353.63 $143.65 -59%
Trent Limited TRENT ₹2,990 ₹709.49 -76%
lululemon athletica inc., LULU $120.87 $299.63 +148%
Aritzia Inc ATZ C$140.07 C$70.30 -50%
The Gap, Inc GAP $20.60 $36.44 +77%
Metro Brands Limited METROBRAND ₹943.80 ₹311.41 -67%

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Frequently asked questions

Is Castelbajac Co. Ltd (308100) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 645.12 KRW versus a price of 388.00 KRW, about +66% (undervalued).
What is the fair value of 308100?
Our model-based fair value for Castelbajac Co. Ltd is 645.12 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 388.00 KRW.
What is the quality score of 308100?
Castelbajac Co. Ltd has a Quality Score of 24/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Castelbajac Co. Ltd (308100)?
Castelbajac Co. Ltd reported trailing-twelve-month revenue of about 37.3B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 308100?
The net profit margin of Castelbajac Co. Ltd is about -94.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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